-11.77(-0.05%)

+9.57(+0.15%)

IOC to raise petrol, diesel prices from Sunday

An employee measures diesel in a tanker before unloading at a fuel station in Kolkata August 13, 2012. REUTERS/Rupak De Chowdhuri

REUTERS - Indian Oil Corp Ltd (IOC) (NSI:IOC.NS - News), the country's biggest refiner, said it would raise petrol prices by 4 percent and diesel by 1.1 percent from Sunday as weakness in the rupee made the fuels costlier to import.